Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Texas Capital Bancshares, Inc. has received a consensus rating of "Hold" from seventeen research firms, with three firms suggesting a sell, eleven a hold, and three a buy recommendation.
• The average 12-month price target for the stock among brokerages is $84.23, with recent adjustments from various analysts ranging from $69.00 to $95.00.
• After releasing its quarterly earnings, Texas Capital Bancshares reported earnings per share of $1.63, surpassing the consensus estimate by $0.35, indicating a positive financial performance.

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) have been assigned a consensus rating of "Hold" from the seventeen research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $84.2308.

Several research firms recently weighed in on TCBI. Weiss Ratings reissued a "hold (c)" rating on shares of Texas Capital Bancshares in a report on Wednesday, October 8th. Hovde Group raised their price objective on Texas Capital Bancshares from $75.00 to $95.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Barclays set a $85.00 price objective on Texas Capital Bancshares and gave the company an "underweight" rating in a report on Wednesday, October 8th. Cowen started coverage on Texas Capital Bancshares in a research report on Wednesday, September 24th. They set a "hold" rating for the company. Finally, Citigroup raised their target price on Texas Capital Bancshares from $69.00 to $79.00 and gave the stock a "sell" rating in a research report on Friday, July 18th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC bought a new position in Texas Capital Bancshares during the 2nd quarter worth $52,000. EverSource Wealth Advisors LLC raised its position in Texas Capital Bancshares by 452.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 746 shares of the bank's stock worth $59,000 after purchasing an additional 611 shares during the last quarter. UMB Bank n.a. raised its position in Texas Capital Bancshares by 29.7% during the 2nd quarter. UMB Bank n.a. now owns 756 shares of the bank's stock worth $60,000 after purchasing an additional 173 shares during the last quarter. GAMMA Investing LLC raised its position in Texas Capital Bancshares by 127.0% during the 1st quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock worth $62,000 after purchasing an additional 465 shares during the last quarter. Finally, State of Wyoming bought a new position in Texas Capital Bancshares during the 1st quarter worth $70,000. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Trading Down 7.6%

NASDAQ TCBI opened at $77.08 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. Texas Capital Bancshares has a twelve month low of $59.37 and a twelve month high of $94.61. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 0.66 and a beta of 0.67. The business's fifty day moving average is $85.09 and its 200 day moving average is $78.84.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The bank reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.35. Texas Capital Bancshares had a return on equity of 10.36% and a net margin of 6.79%.The company had revenue of $307.46 million for the quarter, compared to the consensus estimate of $298.90 million. During the same quarter last year, the business posted $0.80 EPS. As a group, sell-side analysts expect that Texas Capital Bancshares will post 5.84 EPS for the current fiscal year.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.

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